Scotiabank Forecasts Stronger Earnings for TFI International

Key Points

• Scotiabank raised its FY2027 EPS forecast for TFI International to $7.49 from $7.48 and maintained an “Outperform” rating, well above the current full-year consensus estimate of $6.01.
• Analyst sentiment remains broadly positive, with 14 Buy ratings and five Holds, producing a “Moderate Buy” consensus and an average price target of $167.94.
• TFI recently exceeded quarterly expectations, reporting $1.85 in EPS versus the $1.59 estimate and $2.29 billion in revenue versus $2.23 billion expected; institutional investors own 73.3% of the stock.

TFI International Inc. (NYSE:TFII - Free Report) - Equities research analysts at Scotiabank upped their FY2027 earnings per share estimates for TFI International in a report issued on Thursday, October 22nd. Scotiabank analyst K. Gupta now forecasts that the company will earn $7.49 per share for the year, up from their prior estimate of $7.48. Scotiabank has an "Outperform" rating on the stock. The consensus estimate for TFI International's current full-year earnings is $6.01 per share.

Other research analysts have also recently issued reports about the company. National Bank Financial decreased their target price on TFI International from $161.00 to $148.00 and set an "outperform" rating for the company in a research note on Tuesday, October 6th. Zacks Research lowered TFI International from a "strong-buy" rating to a "hold" rating in a research report on Monday, September 28th. TD lifted their price objective on TFI International from $153.00 to $154.00 and gave the company a "buy" rating in a report on Wednesday, July 8th. TD Cowen lifted their price objective on TFI International from $154.00 to $158.00 and gave the company a "buy" rating in a report on Tuesday, July 28th. Finally, JPMorgan Chase & Co. decreased their price objective on TFI International from $175.00 to $168.00 and set an "overweight" rating for the company in a research report on Monday, October 5th. Fourteen investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $167.94.

TFI International Stock Performance

Shares of TFI International stock opened at $112.28 on Monday. The company has a market capitalization of $9.23 billion, a PE ratio of 27.59, a PEG ratio of 0.70 and a beta of 1.63. TFI International has a 12 month low of $80.63 and a 12 month high of $167.69. The company has a current ratio of 1.09, a quick ratio of 1.08 and a debt-to-equity ratio of 0.83. The stock's fifty day simple moving average is $125.45 and its 200 day simple moving average is $137.25.

TFI International (NYSE:TFII - Get Free Report) last announced its quarterly earnings results on Monday, July 27th. The company reported $1.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.59 by $0.26. TFI International had a net margin of 4.14% and a return on equity of 14.87%. The company had revenue of $2.29 billion during the quarter, compared to analyst estimates of $2.23 billion.

Hedge Funds Weigh In On TFI International

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TFII. Caisse de depot et placement du Quebec bought a new stake in TFI International during the 2nd quarter worth about $910,995,000. Jupiter Topco LLC bought a new stake in TFI International during the second quarter worth $515,259,000. Maple Rock Capital Partners Inc. raised its position in TFI International by 4.2% during the second quarter. Maple Rock Capital Partners Inc. now owns 1,418,409 shares of the company's stock worth $203,641,000 after acquiring an additional 56,578 shares in the last quarter. The Manufacturers Life Insurance Company bought a new stake in TFI International during the second quarter worth $189,264,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in TFI International in the second quarter valued at $136,656,000. 73.30% of the stock is owned by institutional investors and hedge funds.

TFI International Company Profile

TFI International Inc is a North American transportation and logistics company headquartered in Saint-Laurent, Quebec. The company provides a broad range of freight and supply chain services through a network of operating companies in Canada and the United States.

Its business activities include package and courier delivery, less-than-truckload and truckload transportation, freight brokerage, logistics, warehousing, and specialized services. TFI International also serves niche transportation markets, including waste management, environmental services, and other specialized freight requirements.

The company traces its origins to 1957 and has expanded through organic growth and acquisitions.

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